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Fidelity Canadian Opportunities Class Series B

Canadian Equity

FundGrade A Click for more information on Fundata’s FundGrade

FundGrade A

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Fundata ESG GradeD Click for more information on Fundata’s ESG Grade

Fundata ESG Grade D

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2023, 2022, 2021, 2020, 2019

Click for more information on Fundata’s FundGrade

NAVPS
(05-16-2024)
$56.01
Change
$0.21 (0.37%)

As at April 30, 2024

As at March 31, 2024

As at February 29, 2024

Period
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Legend

Fidelity Canadian Opportunities Class Series B

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Fund Returns

Inception Return (November 08, 2004): 9.88%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -1.83% 2.21% 15.18% 2.94% 11.85% 11.95% 9.26% 16.92% 14.38% 14.01% 11.79% 12.39% 10.39% 10.54%
Benchmark -1.82% 4.10% 16.91% 4.68% 8.73% 5.66% 7.59% 13.51% 8.86% 8.98% 8.12% 8.95% 7.25% 7.22%
Category Average -2.02% 14.76% 14.76% 4.01% 7.13% 4.79% 6.78% 12.37% 7.64% 7.44% 6.57% 7.36% 5.95% 5.96%
Category Rank 255 / 725 567 / 722 384 / 721 590 / 722 53 / 703 25 / 669 96 / 595 41 / 554 14 / 537 10 / 474 10 / 448 10 / 396 12 / 361 12 / 336
Quartile Ranking 2 4 3 4 1 1 1 1 1 1 1 1 1 1

Monthly Return

Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund -2.13% 4.13% 2.76% -0.91% -3.86% -2.66% 6.81% 4.75% 0.71% 1.13% 2.95% -1.83%
Benchmark -4.95% 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82%

Best Monthly Return Since Inception

14.10% (April 2020)

Worst Monthly Return Since Inception

-15.76% (September 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 9.29% -8.89% 24.62% 2.85% -0.98% 21.77% 27.60% 19.47% -2.29% 18.24%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average 9.54% -6.15% 16.46% 6.89% -9.47% 19.21% 3.42% 23.26% -4.82% 9.85%
Quartile Ranking 3 4 1 4 1 2 1 4 1 1
Category Rank 217/ 325 295/ 357 35/ 384 418/ 440 9/ 466 184/ 514 10/ 550 489/ 585 162/ 652 24/ 692

Best Calendar Return (Last 10 years)

27.60% (2020)

Worst Calendar Return (Last 10 years)

-8.89% (2015)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 84.44
US Equity 8.92
Income Trust Units 5.21
International Equity 0.91
Cash and Equivalents 0.37
Other 0.15

Sector Allocation

Sector Allocation
Name Percent
Consumer Services 18.07
Basic Materials 16.21
Financial Services 15.86
Real Estate 9.55
Technology 9.52
Other 30.79

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.53
Latin America 2.50
Europe 0.91
Other 0.06

Top Holdings

Top Holdings
Name Percent
Onex Corp -
SNC-Lavalin Group Inc -
Franco-Nevada Corp -
Canadian National Railway Co -
Dollarama Inc -
Constellation Software Inc -
Lightspeed Commerce Inc -
Boyd Group Services Inc -
Fairfax Financial Holdings Ltd -
ARC Resources Ltd -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Fidelity Canadian Opportunities Class Series B

Median

Other - Canadian Equity

3 Yr Annualized

Standard Deviation 12.36% 14.47% 11.77%
Beta 0.86% 0.87% 0.83%
Alpha 0.03% 0.06% 0.04%
Rsquared 0.87% 0.88% 0.80%
Sharpe 0.56% 0.87% 0.79%
Sortino 0.86% 1.30% 1.07%
Treynor 0.08% 0.14% 0.11%
Tax Efficiency 92.37% 95.68% 95.15%
Volatility Volatility rating is 6 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10 Volatility rating is 6 on a scale of 1 to 10

Risk Rating

Rating 6 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 11.59% 12.36% 14.47% 11.77%
Beta 0.86% 0.86% 0.87% 0.83%
Alpha 0.04% 0.03% 0.06% 0.04%
Rsquared 0.93% 0.87% 0.88% 0.80%
Sharpe 0.61% 0.56% 0.87% 0.79%
Sortino 1.46% 0.86% 1.30% 1.07%
Treynor 0.08% 0.08% 0.14% 0.11%
Tax Efficiency 96.36% 92.37% 95.68% 95.15%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date November 08, 2004
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Partially Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $82

Fund Codes

FundServ Code Load Code Sales Status
FID276

Investment Objectives

The Fund aims to achieve long-term capital growth. It seeks a similar return to its underlying fund, which is also managed by Fidelity, by investing substantially all of its assets in units of that fund. The underlying fund aims to achieve long-term capital growth by investing primarily in equity securities of Canadian companies. The underlying fund may sometimes have significant exposure to relatively few companies and industries.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity Canadian Opportunities Fund. To meet the Fund’s objectives, the portfolio management team of the underlying fund: Focuses on a company’s fundamentals and invests in shares of companies that trade at prices that reflect attractive valuations based on its assessment of each company’s potential for growth and earnings.

Portfolio Manager(s)

Name Start Date
Hugo Lavallee 05-04-2010

Management and Organization

Fund Manager Fidelity Investments Canada ULC
Advisor Fidelity Investments Canada ULC
Custodian State Street Trust Company Canada
Registrar Fidelity Investments Canada ULC
Distributor Fidelity Investments Canada ULC
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 2.25%
Management Fee 1.85%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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